Analysts: GM’s Outlook Is Positive After Recent Reports and 3 More Research Notes to Read
General Motors Vo. (NYSE:GM): General Motors has reported higher-than-expected earning per share ex-items but lower-than-expected revenue; RBC Capital believes the company’s North American division can reach 10 percent+ margins within the next few years, and the analyst reiterates an Outperform rating, raising its price target on General Motors shares to $50 from $45.
Lululemon (NASDAQ:LULU): Lululemon recently announced that it hired a new chief product officer, a move which has led Buckingham to be concerned that the company may have lost its edge after the position was vacant for some time; the firm remains unsure whether the new head merchant’s decisions will resonate with consumers. Further, the firm also believes that the market could be disappointed by Lululemon’s new CEO when the hiring is announced, and it recommends that investors reduce their position in the company.
Target Corp. (NYSE:TGT): After attending Target’s investor meeting, Buckingham reports that the company did not provide details about its strategy for improving its fourth-quarter results; the firm remains cautious about Target’s fourth-quarter outlook and keeps a Neutral rating on the shares.
Teva Pharmaceuticals (NYSE:TEVA): After Teva’s CEO resigned, BMO Capital has less confidence in the company’s outlook; the firm states that the last time Teva went through the process of finding and installing a new CEO, its R&D and earnings per share reliability declined slightly. The firm has been critical of the company’s governance and keeps an Outperform rating on the stock. A previous version of this story by the analyst incorrectly stated that the firm had kept a Market Perform rating on the shares.
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